• 2016 November 12 17:41

    Port of Riga volume up to 3 million tons in September 2016

    This year, during the month of September 3 million tons of various cargo were handled at the Riga port, which makes September one of the most successful months of the year in terms of handled cargo volume. Compared with the month of August the cargo turnover at the port increased by 13.5%. As mentioned above, the volume of cargo at the port of Riga has stabilized. Within nine months 26.9 million tons of cargo were handled at the port, which is by 10% less compared to the last year's corresponding period, the company said in its press release.

    September has been a successful month for the bulk segment. During this month 1.9 million tons of various dry bulk cargo were handled, but the volume handled within the period of nine months has reached 15.7 million tonnes. The volume of coal handled at the port of Riga increased in September, and within a month it has exceeded 1 million tons. Such monthly coal transshipment volume has not been experienced by the Riga port since January of the current year. However, a total cargo volume transshipped within nine months at the port is still by 17.1% less than last year, but the gap is decreasing. The volume of handled grain products continues to grow rapidly at the port. The highest monthly result - 201.6 thousand tons of handled grain products was reached in September. This, of course, can be attributed to the commencement of the grain handling season, but the nine-month breakdown for this year proves that the port has handled by 56% more compared to the previous year. Another success story in regards of the bulk segment is associated with wood pellet volumes, handled at the Riga port. Within a nine-month period of the current year the port handled a little more than 1 million tons of wood pellets, which is by 4.6% more than during the first nine months of the last year. Wood pellets currently are being transshipped by 10 Riga port terminals. Wood pellets are perspective Latvian exports and bulk cargo type for the port of Riga. In the context of “green” energy development, the demand for wood pellets is growing, it is an environmentally friendly cargo, which is produced in Latvia from Latvian raw materials. Positive increase compared to the last year's nine-month figures for bulk segment is also demonstrated by the fertilizers (+ 6.9%), metal ores (+ 59.3%), peat (+ 7.3%) and various metals (+ 38.1%) cargo.

    General segment indicators for nine months of this year are practically on the last year's level. The main part of the general cargo handled at the port of Riga consists of containerized cargo, and there is a positive growth trend  compared to the last year. 276.9 thousand TEU of containerized cargo were handled at the port within nine months of 2016, which is by 4.3% more than within the corresponding period of 2015.

    The volume of oil products and, hence, the total liquid cargo turnover at the port in September remained low. Within nine months the port has handled 6.5 million tons of liquid cargo, which is by 20.5% less compared to the previous year's reporting period. The decline in oil product volume can be attributed to low oil prices and unfavorable market situation as well as to re-routing of Russian cargo to Russian ports. Decreasing transit of Russian energy cargo via the Baltic ports due to the fact that Russia is developing its own ports, is a reality and the Riga port has been aware of it for nearly 10 years. Freight and market diversification to reduce dependence on Russian energy cargo has been embedded in the Freeport of Riga Development Programme already in 2009. The activities aimed at attracting cargo from Belarus, Kazakhstan, the Central Asia countries, China and India, were carried out by enhancing the turnover of containerized cargo and container cargo handling at the port of Riga as well as by creating added value in the framework of cargo handling process.

    Within nine months 447 thousand passengers were serviced at the Riga port, which is by 6.1% more than last year. 2016 cruise season has been successful. This year Riga has already been visited by 61 cruise ships and 69 thousand cruise passengers, which is by 3.5% more than during the corresponding period of the last year. Since this year the cruise season continues in October as well, it is expected that the current year will be completed with a very strong performance of the cruise sector. The Freeport of Riga Board Chairman Mr. Andris Ameriks: “I would like to note that increase in the number of cruise ships is the result of our previous continuous efforts - the cruise lines plan their routes for at least two years in advance. Now we see the results of our dedicated work. We promoted the Freeport when Riga was the European Capital of Culture and in the framework of Latvia’s EU Presidency. Similarly, both in Europe and elsewhere in the world, we actively promote Riga as a great tourist destination.”

    Compared to the last year's nine months the number of passengers of Tallink ferry line increased by 6.6% and 378.2 thousand travelers enjoyed its services. Since Tallink has confirmed that from December the running of the ferry “Romantika” will be resumed and the ferry traffic from the port of Riga will be provided every day, the next year we expect a rapid port passenger traffic growth.


2024 April 19

18:02 CMA CGM to strengthen and reshuffle its SEAS1 & SEAS2 services connecting Asia and East Coast South America
17:25 OOCL upgrades Transpacific Latin Atlantic 1/ 2 (TLA1/ 2) service
16:45 The world's two largest hydrogen ships are to be built in Norway
16:15 KEYS Azalea completes first ship-to-ship LNG bunkering in Western Japan
15:40 Port Houston surpasses 1mln TEU mark in Q1 2024
15:29 World's first ammonia dual-fuel Aframaxes to be developed by MISC
14:55 Port of Rotterdam total cargo throughput up 2.0% to 3.3 million TEUs in Q1 2024
14:06 DNV awards certificates for Fortescue’s dual-fuelled ammonia-powered vessel
13:44 Imoto Lines and Marindows launch next-generation zero-emission container ship project
12:41 The Port of Los Angeles and the Port of Long Beach complete a comprehensive Green and Digital Shipping Corridor study
12:20 Ulsan Port Authority signs MOU with Pacific Environment to decarbonize shipping ports in Singapore
11:50 Cavotec signs USD 5 million shore power order with global shipping company
11:22 Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions
10:45 Steerprop selected to supply main propulsion and tunnel thrusters for Canadian Coast Guard multi-purpose vessels program
10:14 ST Engineering AirX and Bureau Veritas sign cooperation agreement to advance Wing-in-Ground technology
09:38 Solar panels at the Port of Valencia will generate 22% of the energy it consumes

2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea
10:48 Wartsila offers new high-performance thruster and propulsion control solution package
10:25 Port of Long Beach container volume up 8.3% to 654,082 TEUs in March 2024
09:58 Kalypso Offshore Energy signs LOI with Royal IHC

2024 April 15

18:04 Container shipping costs of S. Korea-EU route surge 40 pct amid Red Sea crisis
17:21 HMM to expand container ship fleet by 2030
17:09 Singapore retains its position as the world's leading maritime city
16:47 Iran says MSC Aries vessel seized for 'violating maritime laws'
16:24 ICTSI gets PPA OK to operate Iloilo Port
15:21 DEME’s offshore installation vessel ‘Orion’ successfully completes the near 15 MW turbine foundation installation project in Scotland and heads to US